Sponsored message
Audience-funded nonprofit news
radio tower icon laist logo
Next Up:
0:00
0:00
Subscribe
  • Listen Now Playing Listen

This is an archival story that predates current editorial management.

This archival content was written, edited, and published prior to LAist's acquisition by its current owner, Southern California Public Radio ("SCPR"). Content, such as language choice and subject matter, in archival articles therefore may not align with SCPR's current editorial standards. To learn more about those standards and why we make this distinction, please click here.

News

Kogi BBQ Grossed $2 Million in First Year of Business

kogibbqgross.jpg
Photo: Tom Andrews/LAist

Speaking of the recent Kogi BBQ growth and drama of losing the person who developed its Twitter strategy, let's step back to last week's Wall Street Journal article on the king of mobile food trucks. Specifically, buried at the bottom, is this amazing fact: "Mr. Choi says that in its first year of operation, Kogi grossed about $2 million from check averages of roughly $13 a person. Mr. Choi earns a $90,000 salary; a manager on each truck earns about $38,000. Profit margins are around 20%, which has enabled Mr. Choi and the Mangueras to put money aside for a restaurant." Wow. An estimated 65 food trucks are now on the road (you can see many of them on our master list) and we're curious which ones can achieve similar results in the future.

You come to LAist because you want independent reporting and trustworthy local information. Our newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our connected community. We are free to tell the full truth, to hold power to account without fear or favor, and to follow facts wherever they lead. Our only loyalty is to our audiences and our mission: to inform, engage, and strengthen our community.

Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive from readers like you will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.

If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.

Your tax-deductible donation keeps LAist independent and accessible to everyone.
Senior Vice President News, Editor in Chief

Make your tax-deductible donation today